Oshkosh Corporation (OSK)

Return on total capital

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,002,200	992,500	966,500	837,600	769,200	629,900	471,300	372,300	359,700	455,800	524,800	592,100	585,100	490,400	478,700	488,700	564,400	703,600	745,600	797,000
Long-term debt	US$ in thousands	602,300	599,100	598,900	597,500	597,500	597,300	595,200	595,000	594,800	594,600	594,400	818,800	818,600	818,300	818,100	817,900	817,600	817,400	819,200	819,000
Total stockholders’ equity	US$ in thousands	4,102,000	3,924,900	3,826,000	3,705,300	3,543,300	3,396,800	3,247,200	3,185,700	2,891,300	2,877,000	2,968,000	3,357,700	3,228,700	3,018,200	2,932,600	2,850,700	2,768,900	2,689,000	2,681,100	2,599,800
Return on total capital		21.30%	21.94%	21.84%	19.47%	18.58%	15.77%	12.27%	9.85%	10.32%	13.13%	14.73%	14.18%	14.46%	12.78%	12.76%	13.32%	15.74%	20.07%	21.30%	23.31%

September 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,002,200K ÷ ($602,300K + $4,102,000K)
= 21.30%

The return on total capital for Oshkosh Corporation has shown fluctuations over the past several quarters, ranging from 9.85% to 23.31%. The company's return on total capital has generally been on an upward trend since December 2019, with occasional dips.

The most recent return on total capital of 21.30% as of September 30, 2024, reflects a strong performance in utilizing its total capital to generate profits. The trend suggests that the company has been effective in managing its capital efficiently to drive profitability.

It is essential for investors and stakeholders to monitor the return on total capital metric to evaluate the company's ability to generate returns from the total capital employed in its operations and investments. Oshkosh Corporation's consistent improvement in this ratio indicates a positive trend in capital utilization and profitability.